BJ Can Help You Purchase This Unit

Thank you for choosing Daniel Parker! As one of the Knoxville area's premier Real Estate Brokers, I am uniquely qualified to help you find the perfect property. On the lake, around town or out on a farm. Remember, BJ is here to help!

673 Reagan Valley Rd, Tellico Plains, 37385

Priced At: $349,500

Property Details for ID: 1322537



SqFt: 876
Price SqFt: $399
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Active
Property Type: MultiFamily
On Market Date: 2025-11-21T08:15:54Z

Public Remarks: Investors, this one checks all the boxes. TWO INCOME PRODUCING HOMES on eight private unrestricted acres with valuable extras including a large 2 story barn, workshop building, storage building with chicken coop, and a one-room hunting cabin overlooking the creek. Both homes are currently leased, providing instant income and stability. Both homes are occupied by long-term tenants with the main home offering three bedrooms and two full bathrooms, and the second home offering two bedrooms and one full bathroom. Keep the leases in place for hands-off cash flow, and explore future options like short-term rental, extended family housing, or owner-occupancy with a built-in income stream. Outdoor improvements add even more value. The barn and workshop are ideal for equipment, vehicles, or additional income through storage or hobby use. The rustic one-room cabin near the creek could become an extra income stream with a little vision. Private acreage, multiple revenue sources, and strong upside potential... all in one solid investment. Current lease/cash flow information available by request. Property transfers with leases in place through July/September 2026. Properties include 673 and 679 Reagan Valley Rd.

Schools Information

Elementary School: Tellico Plains
Middle / Junior School: Tellico Plains
High School: Tellico Plains

Building Description

Year Built: 2020
SqFt (Total): 876
Sub-Type: Other
Sale Includes: Building and Land, Other
Unit Type(s): 1 Bedroom Unit, 2 Bedroom Unit

  Exterior Features

Features: Barn, Deck, Detached Workshop, Patio, Porch - Covered, Shed
Construction: Frame
Siding: Vinyl

  Appliances

Dryer, Refrigerator, Self Cleaning Oven, Smoke Detector, Washer

  Room Dimensions

  Interior Features

Floors: Luxury Vinyl Plank
Other Rooms: Addl Living Quarter, Bedroom Main Level, Mstr Bdrm Main Level, Rec Room

  Property Details

Utilities

Fuel Types: Electric

Financing

Finance Options: Cash, New Loan, Other
Gross Annual Income: 29,400

  HOA Information

Heating & Cooling

Cooling Type(s): Ceiling Fan(s), Central Cooling
Heat Type(s): Central

Garage / Parking

Carport, Off-Street Parking, On Premise Parking

  Community Features

Outbuildings


Presented By: / Honors Real Estate Services LLC

Up Coming Open Houses

Sorry, no open houses are currently available for this listing.

Directions

From Hardees in Tellico Plains head north on highway 68 5 miles turn right on Reagan Valley 1.2 miles turn left at mailboxes 673/679



Your commute

( Departing today at 8:00am )


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Four Reasons to Use Daniel Parker

Buying or Selling real estate should be fun and simple. With me, that's exactly what you can expect. I will strive to make each and every interaction a professional and pleasant experience!

You Are Valued

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